Exhibit 21

LIST OF RALCORP HOLDINGS, INC. SUBSIDIARIES



|                                   |  |                                                            
|---------------------------------- |  | -----------------------------------------------------------
|Aiko Acquisition Corporation       |  | Ralcorp Frozen Bakery Products, Inc.                       
|State of Incorporation: Nevada     |  | State of Incorporation: Delaware                           
|                                   | 
|Bloomfield Bakers, A California    |  | Ralcorp Receivables Corporation                            
|Limited Partnership                |  | State of Incorporation: Nevada                             
|State of Incorporation: California |  |                                                            
|                                   | 
|Bremner Food Group, Inc.           |  | Ralston Food Sales, Inc.                                   
|State of Incorporation: Nevada     |  | State of Incorporation: Nevada                             
|                                   | 
|Community Shops, Inc.              |  | RH Financial Corporation                                   
|State of Incorporation: Illinois   |  | State of Incorporation: Nevada                             
|                                   | 
|Cottage Bakery, Inc.               |  | Ripon Foods, Inc.                                          
|State of Incorporation: California |  | State of Incorporation: Wisconsin                          
|                                   | 
|Flavor House Products, Inc.        |  | Sugar Kake Cookie Inc.                                     
|State of Incorporation: Delaware   |  | State of Incorporation: Delaware                           
|                                   | 
|Heritage Wafers, LLC               |  | The Bun Basket, Inc.                                       
|State of Incorporation: Wisconsin  |  | State of Incorporation: Michigan                           
|                                   | 
|LH Acquisition, LLC                |  | The Carriage House Companies, Inc.                         
|State of Incorporation: Utah       |  | State of Incorporation: Delaware                           
|                                   | 
|Lofthouse Bakery Products, Inc.    |  | Waffle Holdings Ltd.                                       
|State of Incorporation: Nevada     |  | Organized under the laws of British Columbia, Canada       
|                                   | 
|Lovin Oven, LLC                    |  | Western Waffles Corp.                                      
|State of Incorporation: California |  | Organized under the laws of British Columbia, Canada       
|                                   | 
|Maggie Acquisition Corporation     |  | Post Foods, LLC                                            
|State of Incorporation: Nevada     |  | State of Incorporation: Delaware                           
|                                   | 
|Medallion Foods, Inc.              |  | Post Foods Canada Corp.                                    
|State of Incorporation: Arkansas   |  | Organized under the laws of British Columbia, Canada       
|                                   | 
|National Oats Company              |  | RAH Canada Limited Partnership                             
|State of Incorporation: Nevada     |  | Organized under the laws of the Province of Alberta, Canada
|                                   | 
|Nutcracker Brands, Inc.            |  |                                                            
|State of Incorporation: Georgia    |  |                                                            
|                                   | 
|Parco Foods, L.L.C.                |  |                                                            
|State of Incorporation: Delaware   |  |                                                            
|                                   | 
|PL Financial Incorporated          |  |                                                            
|State of Incorporation: Nevada     |  |